Stryker is one of the world’s leading medical technology companies and, together with our customers, is driven to make healthcare better. We offer innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. We are proud to be named one of the World’s Best Workplaces and a Best Workplace for Diversity by Fortune Magazine. Learn more about our award-winning organization by visiting stryker.com
Job Title: Senior Finance Manager, Turkey
Reporting to : Director, Finance - MEA & CEE
About the Role:
Responsible for the entire financial function of the company encompassing strategic direction, budget setting and forecasting, reporting, financial modelling, advice and guidance, measurement and controls, profit maximization, asset control, adherence to corporate and statutory regulations.
his function should also be seen as the business partner for the local GM, to drive the business in terms of sales and operating income improvements. The mission of the SFM is to provide the Country business and functional leaders the financial support required to enable informed decisions, manage risks and opportunities and achieve business objectives.
Active business partnering with the Turkish Country Manager and local leadership team
Develops long-term financial forecasting and strategic financial analyses to inform budget development
Ensure full adherence to US and Turkish GAAP, Tax, Stryker policies and other local regulations
Ensuring any adjustments for revenue recognition, rebates, other credit and debit adjustments are properly accounted for in the correct account and accounting period
Oversee all company accounts and investments
Lead and represent Stryker in all internal and external audits and statutory filings, including regulatory reporting requirements such as audits associated with VAT.
Manage cash flow and OPEX
Manage and perform treasury activities
Support the HR department in payroll activities/ recruitments
Collaborate with operations on inventory management including the import of goods
Collaborate with Customer Services with respect to collections, shipments and reporting
Provide analytical support to the central FP&A team to gain a better understanding of market trends, sales channel performance and cost trends
Interpret operating results and communicate opportunities for improvement to functional leads.
Budgeting and Forecasting
Analyze current trends, economic indicators, inflation, expected growth, expense trends and the like.
Collaborate with GM, BUD, HR. operations and peers across the division or international. Budget according to EEMEA and International guidelines and provide strategic year to year growth and direction regarding operational and structural requirements vs sales and operating income.
Input on and validate robust Operational Plans, Budget and Projections
Proactively communicate risk and opportunities arising out of changes in business trends, local business decisions etc
Financial Accounting and Reporting
Manage the month-end close process
Review country P&L and Balance Sheet information to identify errors or exceptions
Establish, implement, and monitor appropriate internal controls to ensure conformance and compliance with all relevant standards and policies
Communicate regularly with departmental heads in terms of budget achievements as well as communication with internal and external auditors. Set challenging but achievable budgets and review actual vs budget performance. In cooperation with the GM take necessary corrective actions to get back in line with budget.
Managerial responsibilities & skills
SFM will be a member of the Turkey Management Team
Senior Manager is responsible for a team of 3 direct reports and 3 indirect reports (including some external consultants from service provider company)
Ensure effective management of local Finance teams to ensure reporting deadlines are met in accordance with Stryker guidelines, running a smooth operations team, but also including indirectly managing/supporting outsourced service providers or any other Stryker Centralized Finance service center.
Strategic planning for Stryker Turkey future growth and business model
Maintain/ continue and further improve the Turkey business and financial integration
Maintain a strong business support and partnering relation with Turkey Country Manager
Develop the (new) finance team and train new hires/ team
Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Stryker is active in over 100 countries around the world.
Together with our customers, we are driven to make healthcare better.
At Stryker, quality is first in everything we do. We are driven to make healthcare better for our customers by
providing innovative products and services that meet regulatory requirements through our effective quality system.
The Company was founded in 1941 by Dr. Homer Stryker and incorporated in 1946 as the Orthopedic Frame Company. In 1964, the Company’s name was changed to Stryker Corporation.
• $13.6 billion in annual sales in 2018; annual revenue has grown for 39 straight years
• 17.1% CAGR (compound annual growth rate) in sales over 39 years
• ~36,000 employees globally in 2018
• 43 manufacturing and research & development locat...ions worldwide
• Included in the Standard & Poor’s 500 Index
• Ranked # 233 on Fortune Magazine’s “FORTUNE 500” list for 2019
• Ranked # 3 on Fortune Magazine’s “World’s Most Admired Companies” list for the “Medical Equipment” industry for 2019
• Ranked # 11 on Fortune Magazine’s “100 Best Companies to Work For” list (U.S.) for 2019
• Spent $862 million on R&D in 2018
• 7,784 patents owned globally in 2018
• Initial public offering of stock was in 1979
• Listed on the New York Stock Exchange under ticker SYK